New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-02
CHANGES IN BUSINESS. FIRMS
MANY NEW PARTNERSHIPS FORMED.

views OF A BROADWAY MERCHANT on THE CONDI-
TON OF iRADE-A FEW CHANGES IN WALL
STREET.
There was an unusually large number OF changes among
the business firms yesterday, particularly in the dry
goods district Minthorne Tompkins Bro her have dis
solved partnership. The members of the firm retire and
the house will have 1t is said that Mr..
TOmpkins intends to open brokers' Office in Wall Street
d. B. Babc0ck of the firm of d. Il. BabcOck Co., No 465
Broadway, intends 10 retire from business on February
account of ihcalth Shaen Fithian. importers of
drygoois No 50 Greene-s. have dissolved partnership
and will retire from business. Mr.. shaen becomes a
special partner in the firm of W. II. Burgess
h Co. of this city and Paris Mr.. Fhian retires from
business permanently.
The firm OF Butler Clapp 4 Co.. dry-gools jobbers.
No 800 Broadway will be succeeded by the frm OF But
ler Clapp, Wcntz Il Co. The members of the new firm
arc Samuel 5. Butler son of the former head OF the
house; Oliver NJ. Capp, James G. wcntz, William L.
Bones, James ONeil, Eugene ii. Paddock. John T.
Iaves and John Hcberton. Messrs. VENT and Bones
were form,.! " of the firm Of Swcctscr Pembroke
Co., Nos. 37i 37s Broadway. James ONel
has been connected with the house Of Teft, Weller
Go. as buyer OF dress goods. Eugene H. Paddock mas
also been salesman for Teht Weller Co. for several
years. The other partners belonged to the old rm Inc
new company has taken the entire building at No 800
Broadway and intends TO do a large business James
g. Wentz has been admitted TO the Drm o.
Teft Weller Co., hut 10 change will be made III the
and Theodore n Pembroke will he let in partners into
the firm OF Swcetser, Pembroke Co., No 314 Broadway
In places of Messrs Bones and Wenn, who retire The
firm OF James Swift n Co., dry goods commission mer
chants, No. 50 Worth-st., will lose A. Dudley
Bramiall who retircs TO become partner In the firm
of Bramhall Brothers Il Co, No. 50 Leonard st, which
Is composed of George W. Bramhal. A. d. Brrmhall
and C. K Heterogeneous as general partners with Hugh
i. Elnsten special partner. MI. Enstoln Is the
principal Of the Bound Brook Woocn Mills. the
goods OF wlichw he handled by this house togeler win
fl,aoo nf tharfa
August. Bernhem Bauer. No 2b6 Bf,na'wny VIII MI
firm will be succeeded by one under the name of
Bernhelm, Bauer Co.. at the same PLACE .
Wellington. Nos II and 70 worth-st which dissolved
short time ago. These are Robert b; Aaclea
Wellington i' to O' be at Nos 20 and 81 Thonlasst,
Messrs Austin and wellington are of the former firm
and Mr. Bates formerly with H. b. Clatin 90 The
old house of c. Il +. Werner u Co.. No. 459 Broadway,
has dissolved and Will be by 6S Old Werner n
comes partner with Kuhn, Werner Co., NJ" 5S9
"The number of changes that have taken place this
is great but not as a rule important They are 10
the fact that the general run OF business has not been
cured and while the dry goods trade has been lair IN
many respects it has nj times caused considerable anxiety
In many quarters The money market has been stringent
or less difficulty in getting money on rsclss paper
6 per cent aud much Of that which was considered \
had TO pay higher rates. very prominent house ihat
IN Ordinary tines they could easily have got oil
they wanted at per cent The jobbing dysoods bust
ness in New York is now practically done by SIX houses
Ten fifteen there were twice that number Ui
leading firms ard before the War four times as many
"Why is thisi" asked the reporter.
"simply because the jobling trade has got TO
q point where the profits are very small
and in order 10 make success You
must do a tremendous trade. II is necessary To do
not 81 OOOO but 100000 or Sl5OOOO0u worth OF
business every year. Otherwise Your expenses VIII
swallow up all the profits. one firm here sold about
Sl5,OOO.0OO worth of goods last year. what 90
you suppose their profit just two anda ha
per Yet this firm is pointed 10 a one OF the most
successful in the trade. $500
Few changes in firms have been announced ut The stock
Exchange although il is expected that the Ncw Year VIII
see many others The firm OF Clark Ward u Co., No 30
Broadway, expired by limitation J. Rhinclandcr Dliloh
was the Board member of the firm. lathrop
X. Bacon rctires from the iiIln OF
l. NcwcOmbe 4 Co.. No u BI0adSt, nut
L b. Newcomhc and G. Wcidcnfcld. the remaining part
pcrs continue the blsneSs under the same firm name a
new firm has been formed by James T. slOsson. formerly
OF Slosson x HAYS, and John b. DumOnt, who has re
aligned his position second vice president of the hcago
Milwaukee and It Paul Railway Company 10 engage IN
active business. eman Clark Is special partner Ill inc
firm, which will he known as sOSsOn X Dumunt NJ
Dumont has been member of the Exchange since May
l. 1879. W. f. Common reres from business and Il new
firm formed by his brother T. :. Conner, with y g. T.
segur and Frederick L. Matcz il, a the other partners
The name of the firm will be FonnOr Co. Willard w.
Jones Iees from the firm OF W. :. Lawson Co., No AZ
ExchanC place.